According to research released by Bank of America (BAC) on Tuesday, following its Web3 & Digital Assets Day Conference last week, investor interest in the industry has not been affected by worries of a so-called "crypto winter." According to the report, discussions with some of the 160 clients who attended Read More
Blockchain technology is the most significant evolution of software since the internet, the report said.
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The governor of the Central Bank of Nigeria (CBN) has insisted the recently introduced e-naira digital currency can potentially boost trade and investment activities in the country. He added the digital currency “would be necessary in the future to ensure Nigeria is competitive as the world becomes increasingly digital.”
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The Central Bank of Russia continues to step up efforts to test and issue the digital ruble, with a roadmap for the full implementation of the new form of the national fiat now expected by the end of 2023. Trials with real transactions and users are scheduled to begin next Read More
Researchers at Russian bank VEB suggested the country issues a gold-backed stablecoin for international payments to evade sanctions.
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Qatar's Central bank is exploring technological solutions and platforms to launch its digital currency. Qatar, with a population of 2.8 million, is about to join the growing list of countries adopting the central bank digital currency (CBDC) concept. In the latest development, the Qatar Central Bank (QCB) has started the Read More
The Gulf State central banker praised the "innovation" of crypto assets.
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The Bank of International Settlements (BIS) Innovation Hub released a report Tuesday looking at four projects that examined wholesale central bank digital currency (CBDC) transfers across borders. The projects demonstrated the technical feasibility of the transfers, the BIS found, but practical and policy issues remain outstanding. The report considered the Jura Read More
The Bank of Spain has already included 17 virtual asset service providers in its own registry, in which cryptocurrency exchanges and custody providers must be listed to operate, according to Spanish law. Three new companies were included last week, but big names in the crypto ecosystem are still not registered.
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Deutsche Bank has updated its recession forecast. The bank’s economists now see “an earlier and somewhat more severe recession” than previously predicted. “The Fed has undertaken a more aggressive hiking path, financial conditions have tightened sharply and economic data are beginning to show clear signs of slowing,” said the economists.
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